Motorbike sales adelaide

VietNamNet Bridge - Contrary to all predictions that the motorbike market has become saturated, motorbikes sales in Vietnam continue to increase. Motorbike sales continue to increase Analysts began warning of the downward trend in motorbike sales some years ago, saying that the development of public means of transport would make motorbikes less attractive. The city authorities plan to prohibit motorbikes to enter inner districts, commencing from 2030. However, people still buy motorbikes to serve their travel demand. Honda Kuong Ngan sales agent in Hanoi on October 31 was crowded with buyers. A salesman said the business was better than the same period last year. The agent sells 1,000 products a month; the bestseller is Honda Wave Alpha. RELATED NEWS Gear-motorbike market cutthroat for manufacturers Motorbike market gears up with new technologies Thanh Lich … [Read more...] about Motorbike market continues to grow, saturation point unclear

By AFP &nbspOctober 31, 2018 | 10:10 am GMT+7 Japan's Honda Motor has revised up net profit and sales forecasts. Photo by AFP Japan's Honda Motor said Tuesday it was raising annual forecasts after first-half profits rose over 19 percent on motorcycles sales in Asia. Japan's third largest automaker now expects net profit to reach 675 billion yen ($6 billion) for the fiscal year ending March, down from last year but a still an increase from its forecast last quarter. It also revised up annual sales to to 15.8 trillion yen. The company said it was seeing strong growth in the sales of motorbikes in Indonesia, Vietnam and other Asian countries, and touted cost-cutting efforts. It said net profit in the April-September period was up 19.3 percent to 455.1 billion yen while operating profit jumped 21.7 percent to 513.9 billion yen. Sales rose 5.0 percent to 7.87 trillion yen. "Honda enjoyed strong sales of motorcycles... This offset the negative impact of floods in Mexico … [Read more...] about Honda raises forecasts on solid motorbike sales

Viet Capital Securities JSC (VCSC) says VEAM posted VND3.3 trillion ($140 million) in consolidated net profit after tax and minority interests (NPAT-MI) in the first half of this year, up 51 percent year-on-year. The profit surge was mainly driven by shared profits from automobile associate companies including Honda, Toyota and Ford Vietnam. VCSC attributed VEAM’s impressive performance to a significant boost in Honda motorbike sales, forecast-beating profit margins with automobile associates, and smaller-than-expected losses from core businesses. It said Honda’s motorbike sales volume jumped by double-digits year-on-year in the first half of 2018, further entrenching its dominance in the local market. Honda’s share of Vietnam’s motorbike market soared from 72.5 percent in 2017 to 77 percent in 2018’s second quarter on the back of its dominance in the fast-growing scooter segment, top-brand positioning and extensive distribution network. Honda motorbike … [Read more...] about Vietnam agricultural machinery maker profits from car sales

Viet Nam’s motorcycle market has been rapidly growing in recent years, bucking expectations that it would enter a saturation stage, as consumption shifts from semi-automatic motorbikes to scooters and from widely popular scooters to luxury vehicles. That forecast was released by the Vietnam Association of Motorcycle Manufacturers (VAMM) two years ago. But its sales figures in recent years show that the consumption of vehicles produced by five VAMM members—Honda, Piaggio, Suzuki, SYM and Yamaha—has increased every year. In 2015, the whole market consumed only 2,849,060 vehicles. Consumption rose to 3,121,023 vehicles in 2016 and 3,272,373 motorcycles of all kinds in 2017. In the first half of this year, VAMM said its members sold 783,940 vehicles, up 6.1 per cent compared with the same period last year. The Vietnamese motorcycle market consumed 1,586,444 vehicles of all kinds during the period, including those produced by VAMM members and other brands such as Ducati, … [Read more...] about Motorbike market to heat up in coming years

Foreign investors in motorcycle manufacturers witnessed only a marginal increase in unit sales during the year’s first quarter and with Yamaha Motor Vietnam’s reports of unit sales decreasing, concerns are circulating that this market is reaching its saturation point. With half the population in possession of a unit, the Vietnamese motorcycle market has reached a point of saturation, Photo: Le Toan The total number of motorcycles sold in this year’s first quarter – from the likes of Honda Vietnam, Piaggio Vietnam, Suzuki Vietnam, SYM Vietnam, and Yamaha Motor Vietnam – is 803,204 units, a mere 1.9 per cent increase on-year according to the Vietnam Association of Motorcycle anufacturers (VAMM). Each month the five firms sold nearly 270,000 motorbikes on average, which means that approximately 9,000 motorbikes were sold each day nationwide. There are no details on the individual company sales, but in recent years, Honda Vietnam has been dominating … [Read more...] about Motorbike sales hit a red light